Floor & Decor Holdings, Inc. (NYSE:FND) Given Consensus Rating of “Hold” by Analysts

Floor & Decor Holdings, Inc. (NYSE:FND) has been given a consensus recommendation of “Hold” by the nineteen research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $104.37.

FND has been the subject of a number of research analyst reports. Mizuho increased their target price on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Piper Sandler lowered their target price on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th. Telsey Advisory Group reiterated a “market perform” rating and issued a $95.00 target price on shares of Floor & Decor in a research report on Monday, November 11th. Wells Fargo & Company boosted their price target on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Finally, Stifel Nicolaus increased their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a report on Monday, November 4th.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $99.89 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The company’s 50 day moving average is $105.93 and its 200 day moving average is $106.40. Floor & Decor has a twelve month low of $89.06 and a twelve month high of $135.67. The company has a market cap of $10.71 billion, a PE ratio of 55.49, a price-to-earnings-growth ratio of 14.75 and a beta of 1.82.

Floor & Decor (NYSE:FND) last posted its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.06. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The business’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 EPS. On average, sell-side analysts forecast that Floor & Decor will post 1.71 EPS for the current year.

Hedge Funds Weigh In On Floor & Decor

Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC grew its holdings in shares of Floor & Decor by 34.7% during the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after purchasing an additional 1,291,214 shares during the last quarter. State Street Corp grew its stake in Floor & Decor by 6.3% during the 3rd quarter. State Street Corp now owns 3,769,808 shares of the company’s stock worth $468,097,000 after buying an additional 222,980 shares during the last quarter. Wasatch Advisors LP increased its position in Floor & Decor by 3.9% during the third quarter. Wasatch Advisors LP now owns 2,252,815 shares of the company’s stock worth $279,732,000 after buying an additional 85,299 shares during the period. Geode Capital Management LLC lifted its stake in Floor & Decor by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,790,280 shares of the company’s stock valued at $222,357,000 after buying an additional 24,509 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Floor & Decor by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock valued at $200,865,000 after acquiring an additional 223,332 shares during the period.

About Floor & Decor

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.